NJ REAL ESTATE BROKER'S EXAM
QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS 100%
CORRECT RATED A+
Q: The right of a utility company to enter someone's property for the purpose
of repairing or maintaining the utility service is called:
A) An easement appurtenant
B) Eminent domain
C) A prescriptive easement
✔✔ D) An easement in gross
Q: Mark, Linda, Susanne, and George own a property as joint tenants. Linda
sells her interest to Phil. What is the relationship of the parties?
A) Phil replaces Linda as a joint tenant with 25% interest in the property
✔✔ B) Phil owns a 25% interest as a tenant in common with Mark, Susanne,
and George who remain joint tenants with a 75% interest in the property
C) Phil owns a 25% interest in severalty. Mark, Susanne and George remain joint
tenants for a 75% interest in the property
D) Phil, Mark, Susanne, and George are now tenants in common, each with a 25%
interest in the property
The form of estate which gives an owner the most control over there property is
a(n)
(A.) fee simple absolute
(B.) fee determinable
(C.) life estate
,(D.) estate for years -ANSWER✔✔(A.) fee simple absolute
While researching the public records on a property you will list, you not a "Lis
Pendens" notation. Which of the following is the least likely cause
(A.) non-payment of taxes
(B.) delinquent car loan payment
(C.) mortgage foreclosure suit
(D.) suit for specific performance -ANSWER✔✔(B.) delinquent car loan payment
Under the government survey system, the north-east quarter of section 16 of a
township contains
(A.) 640 Acres
(B.) 320 Acres
(C.) 160 Acres
(D.) 40 Acres -ANSWER✔✔(C.) 160 Acres
,When a sewer line is installed down a rural road, the cost will probably be shared
by
(A.) all current owners of real estate fronting on the road
(B.) all taxpayers in the township
(C.) only the property owners along the road who decommission their existing
septic systems
(D.) only owners of new homes along the road as they will be built without septic
systems -ANSWER✔✔(A.) all current owners of real estate fronting on the road
Under the Comprehensive Environmental Response, Compensation and Liability
Act (CERCLA), liability for the cost of clean-up due to environmental
contamination / violations is the responsibility of
(A.) only the current property owner
(B.) the property owner at the time of the contamination / violations occured
(C.) all property owners from the point at which the contamination /violations was
first identified
(D.) all property owners, past and present regardless of their personal liability -
ANSWER✔✔(D.) all property owners, past and present regardless of their
personal liability
, The governments right to take private property for the public good or use is called
(A.) eminent domain
(B.) escheatment
(C.) condemnation
(D.) force majeure -ANSWER✔✔(A.) eminent domain
_________________ is a significant cause of lung cancer in the United States
(A.) Lead paint
(B.) Radon gas
(C.) Toxic Mold
(D.) Urea-formaldehyde -ANSWER✔✔(B.) Radon gas
The present worth pf anticipated future benefits arising from the ownership of real
estate is
(A.) Value
(B.) Price
QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS 100%
CORRECT RATED A+
Q: The right of a utility company to enter someone's property for the purpose
of repairing or maintaining the utility service is called:
A) An easement appurtenant
B) Eminent domain
C) A prescriptive easement
✔✔ D) An easement in gross
Q: Mark, Linda, Susanne, and George own a property as joint tenants. Linda
sells her interest to Phil. What is the relationship of the parties?
A) Phil replaces Linda as a joint tenant with 25% interest in the property
✔✔ B) Phil owns a 25% interest as a tenant in common with Mark, Susanne,
and George who remain joint tenants with a 75% interest in the property
C) Phil owns a 25% interest in severalty. Mark, Susanne and George remain joint
tenants for a 75% interest in the property
D) Phil, Mark, Susanne, and George are now tenants in common, each with a 25%
interest in the property
The form of estate which gives an owner the most control over there property is
a(n)
(A.) fee simple absolute
(B.) fee determinable
(C.) life estate
,(D.) estate for years -ANSWER✔✔(A.) fee simple absolute
While researching the public records on a property you will list, you not a "Lis
Pendens" notation. Which of the following is the least likely cause
(A.) non-payment of taxes
(B.) delinquent car loan payment
(C.) mortgage foreclosure suit
(D.) suit for specific performance -ANSWER✔✔(B.) delinquent car loan payment
Under the government survey system, the north-east quarter of section 16 of a
township contains
(A.) 640 Acres
(B.) 320 Acres
(C.) 160 Acres
(D.) 40 Acres -ANSWER✔✔(C.) 160 Acres
,When a sewer line is installed down a rural road, the cost will probably be shared
by
(A.) all current owners of real estate fronting on the road
(B.) all taxpayers in the township
(C.) only the property owners along the road who decommission their existing
septic systems
(D.) only owners of new homes along the road as they will be built without septic
systems -ANSWER✔✔(A.) all current owners of real estate fronting on the road
Under the Comprehensive Environmental Response, Compensation and Liability
Act (CERCLA), liability for the cost of clean-up due to environmental
contamination / violations is the responsibility of
(A.) only the current property owner
(B.) the property owner at the time of the contamination / violations occured
(C.) all property owners from the point at which the contamination /violations was
first identified
(D.) all property owners, past and present regardless of their personal liability -
ANSWER✔✔(D.) all property owners, past and present regardless of their
personal liability
, The governments right to take private property for the public good or use is called
(A.) eminent domain
(B.) escheatment
(C.) condemnation
(D.) force majeure -ANSWER✔✔(A.) eminent domain
_________________ is a significant cause of lung cancer in the United States
(A.) Lead paint
(B.) Radon gas
(C.) Toxic Mold
(D.) Urea-formaldehyde -ANSWER✔✔(B.) Radon gas
The present worth pf anticipated future benefits arising from the ownership of real
estate is
(A.) Value
(B.) Price
